Prosus (PRX) Trading update summary

Financial performance highlights

• Revenue exceeded $7.3 billion and Ecosystem adjusted EBITDA reached $1.1 billion for the year ended March 2026.

• All ecosystem segments achieved profitability, with free cash flow (excluding Tencent) continuing to grow.

• Transitioned from a holding company to an active operator of AI-driven lifestyle ecosystems in Latin America, Europe, and India.

Earnings and profitability metrics

• Core headline earnings per share for continuing operations expected to increase by 19.0%–28.0%.

• Headline earnings per share for continuing operations projected to rise by 6.7%–15.7%.

• Earnings per share for continuing operations anticipated to range from (2.6%) to 6.4%.

• Total operations core headline earnings per share expected to grow by 19.8%–28.8%.

Key drivers and adjustments

• Growth driven by strong revenue and profitability in consolidated businesses and equity-accounted investments, especially Tencent.

• Core headline earnings outpaced headline earnings due to exclusion of fair value investment losses from Tencent.

• Lower gains from Tencent share sales and increased unrealised FX losses on euro-denominated bonds impacted earnings.